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As it prepares to sell off its remaining assets in the wake of a second bankruptcy filing, Rite Aid continues to move aggressively to close pharmacy locations that it no longer deems viable. The drugstore chain, which has already found buyers for most of its prescription business, has added another 111 retail drugstores to its rapidly growing list of doomed locations, a court filing revealed last week. The list includes pharmacies across 12 states, with California and New York being hit the hardest. Interested parties have until June 9 to object. Fast Company has reached out to Rite Aid to ask about the timeline of the closures. With this latest list, the pharmacy chain has now marked more than 470 stores for closure since the Chapter 11 process began about a month ago, comprising more than a third of Rite Aid’s total fleet of 1,277 locations. The May 30 filing is its fourth notice of additional closures. Previous waves of closures were disclosed in earlier filings: May 5: 47 initial locations May 9: 68 additional locations May 16: 95 additional locations May 23: 151 additional locations Immediate fate of stores uncertain as wind-down continues Rite Aid had initially scrambled to sell off its prescription files amid concerns that a mass exodus of customers would diminish the value of its pharmacy assets. It quickly announced deals with CVS, Walgreens, Albertsons, and others. For most customers, that means their prescriptions will be transferred to an entirely different pharmacy and location. But only a handful of physical retail stores were included in those announcements, and the exact locations of those stores have yet to be releasedleading to further uncertainty for Rite Aid customers and employees. Now time is running out for companies that may be interested in taking over additional Rite Aid locations before they close for good. Any such company was required to indicate its interest by last Friday. Bid submissions are due on June 18, with an auction planned for June 24 if necessary. In addition to physical stores, Rite Aid’s remaining assets include the Thrifty ice cream brand, which is sold by third-party retailers in addition to being available at counters in many Rite Aid locations. The latest list of 111 Rite Aid stores marked for closure is below. California 15331 Baseline Avenue, Fontana, CA, 92336 1301 Munras Avenue, Monterey, CA, 93940 4010 Manzanita Avenue, Carmichael, CA, 95608 47985 Monroe Street Bldg A, Indio, CA, 92201 12511 Magnolia Boulevard, North Hollywood, CA, 91607 74958 Country Club Drive, Palm Desert, CA, 92260 1331 South Mission Road, Fallbrook, CA, 92028 26 Old Mammoth Road, Mammoth Lakes, CA, 93546 456 S Madera Avenue, Kerman, CA, 93630 740 Quintana Road, Morro Bay, CA, 93442 15025 Olympic Drive, Clearlake, CA, 95422 1021 Bridge Street, Colusa, CA, 95932 616 Alamo Pintado Road, Solvang, CA, 93463 4994 Joe Howard Street, Mariposa, CA, 95338 160 E Antelope Ave, Woodlake, CA, 93286 807 South Main Street, Yreka, CA, 96097 1935 N Street, Newman, CA, 95360 1500 Whitley Avenue, Corcoran, CA, 93212 616 East Hobsonway, Blythe, CA, 92225 2501 Highway 46, Wasco, CA, 93280 230 South Main Street, Angels Camp, CA, 95222 40 East Main Street, Quincy, CA, 95971 72253 Twentynine Palms Highway, Twentynine Palms, CA, 92277 159 West Polk Street, Coalinga, CA, 93210 1400 Linda Mar Boulevard, Pacifica, CA, 94044 199 North Fairview Avenue, Goleta, CA, 93117 20 East 18th Street, Antioch, CA, 94509 1110 Los Osos Valley Road, Los Osos, CA, 93402 345 Town Center West, Santa Maria, CA, 93458 2405 South Broadway, Santa Maria, CA, 93454 1220 Broadway, Placerville, CA, 95667 725 South Fortuna Boulevard, Fortuna, CA, 95540 1710 California Street, Escalon, CA, 95320 2700 Oro Dam Boulevard East, Oroville, CA, 95966 4830 J Street, Sacramento, CA, 95819 9700 Panama Lane, Bakersfield, CA, 93311 14115 Lakeridge Circle, Magalia, CA, 95954 7900 West Sunset Boulevard, Los Angeles, CA, 90046 Connecticut 190 East Avenue, Norwalk, CT, 06855 1387 New Haven Ave., Milford, CT, 06460 Delaware 444 Savannah Road, Lewes, DE, 19958 Maryland 7 Westminster Shopping Center, Westminster, MD, 21157 505 Linden Avenue, Pocomoke City, MD, 21851 4600 West Northern Parkway, Baltimore, MD, 21215 New Hampshire 51 South Main Street, Newport, NH, 03773 14 Peterborough Street, Jaffrey, NH, 03452 315 West Main Street, Hillsboro, NH, 03244 136 Meadow Street, Littleton, NH, 03561 10 Main Street, Winchester, NH, 03470 89 Nh Route 25, Meredith, NH, 03253 New Jersey 3400 New Jersey Avenue, Wildwood, NJ, 08260 New York 40 West Main Street, Springville, NY, 14141 81 West Main Street, Gowanda, NY, 14070 1511 Route 22 Suite A, Brewster, NY, 10509 3795 East Main Road, Fredonia, NY, 14063 153 Prospect Street, Attica, NY, 14011 2175 South Park Avenue, Buffalo, NY, 14220 480 Evas Road, Williamsville, NY, 14221 1000 Pennsylvania Avenue, Elmira, NY, 14904 5224 Fifth Avenue, Brooklyn, NY, 11220 350 Niagara Street, Buffalo, NY, 14201 1941 Seneca Street, Buffalo, NY, 14210 424 Elmwood Ave., Buffalo, NY, 14222 419 Division Street, North Tonawanda, NY, 14120 476 William Street, Buffalo, NY, 14206 6000 Transit Road, Depew, NY, 14043 3987 Lockport Olcott Road, Lockport, NY, 14094 320 Main Street, Beacon, NY, 12508 284 Connecticut Street, Buffalo, NY, 14213 963 Fairmount Avenue We, Jamestown, NY, 14701 140 Pine Street, Hamburg, NY, 14075 6616 Lincoln Avenue, Lockport, NY, 14094 9160 Main Street, Clarence, NY, 14031 5447 Main Street, Williamsville, NY, 14221 338 West Washington Street, Bath, NY, 14810 9062 Erie Road, Angola, NY, 14006 1631-43 Pitkin Avenue, Brooklyn, NY, 11212 103 Hawkins Drive, Montgomery, NY, 12549 5335 West Genesee St Ste 20, Camillus, NY, 13031 50 East Montauk Highway, Hampton Bays, NY, 11946 6939 Erie Road, Derby, NY, 14047 12983 Main Road, Akron, NY, 14001 2325 Grand Island Blvd., Grand Island, NY, 14072 8079 North Main Street, Eden, NY, 14057 100 Conhocton St, Corning, NY, 14830 5999 South Park Avenue, Hamburg, NY, 14075 1454 Union Road, West Seneca, NY, 14224 2898 Westinghouse Road, Horseheads, NY, 14845 798 Harlem Road, West Seneca, NY, 14224 Oregon 448 Ne Hwy 99W, Mcminnville, OR, 97128 1900 Sw Court Place, Pendleton, OR, 97801 30 East Oak Street, Lebanon, OR, 97355 Pennsylvania 164 West Chelten Avenue, Philadelphia, PA, 19144 Vermont 12 North Main Street, Randolph, VT, 05060 1823 Vermont Route 107 #2, Bethel, VT, 05032 Virginia 2305 Oaklawn Boulevard, Hopewell, VA, 23860 10 Willow Oaks Blvd, Hampton, VA, 23669 3005 Old Mill Road, Chesapeake, VA, 23323 Washington 412 East College Way, Mt. Vernon, WA, 98273 520 West Washington Street, Sequim, WA, 98382 8500 35th Avenue Ne, Seattle, WA, 98115 500 South Pioneer Way, Moses Lake, WA, 98837 4920-A Evergreen Way, Everett, WA, 98203 4117 Kitsap Way, Bremerton, WA, 98312 31645 State Route 20, Oak Harbor, WA, 98277 1630 South Grand Avenue, Pullman, WA, 99163 621 South Lincoln St., Port Angeles, WA, 98362 1850 South Mildred Street, Tacoma, WA, 98465 3909 Hoyt Ave, Everett, WA, 98201
Category:
E-Commerce
Trading resumed on the Damascus Securities Exchange Monday after a six-month closure, as Syria’s new leaders attempt to shore up the country’s battered economy and begin rebuilding after nearly 14 years of civil war.The stock exchange had closed during the chaotic days leading up to the ouster of former President Bashar Assad in a lightning rebel offensive.Syrian Finance Minister Mohammed Yisr Barnieh, who attended the reopening, said that it signals that the country’s economy is beginning to recover and that the stock exchange “will operate as a private company and serve as a genuine hub for Syria’s economic development, with a strong focus on digital,” state-run news agency SANA reported.He said the country’s new leaders plan to “facilitate business operations and open doors to promising investment opportunities.”The move to reopen comes as international restrictions on Syria’s financial systems begin to ease. The United States and Europe both last month announced the lifting of a wide raft of sanctions that had been slapped on Syria under the Assad dynasty’s rule.Last week, Syria inked a power deal worth $7 billion with a consortium of Qatari, Turkish and U.S. companies for development of a 5,000-megawatt energy project to revitalize much of Syria’s war-battered electricity grid.The consortium led by Qatar’s UCC Concession Investmentsalong with Power International USA and Turkey’s Kalyon GES Enerji Yatirimlari, Cengiz Enerjiwill develop four combined-cycle gas turbines with a total generating capacity estimated at approximately 4,000 megawatts and a 1,000-megawatt solar power plant. Ghaith Alsayed, Associated Press
Category:
E-Commerce
(Corrects paragraph 3 to say 23andMe filed for bankruptcy in March, not April) The founder of 23andMe, Anne Wojcicki, has asked a U.S. judge to reopen an auction for the genetic testing company, saying she has the support of a Fortune 500 company with a current market capitalization of more than $400 billion. Wojcicki did not name the Fortune 500 company in court filings. South San Francisco, California-based 23andMe filed for bankruptcy in March, seeking to sell its business at auction after a decline in consumer demand and a 2023 data breach that exposed sensitive genetic and personal information of millions of customers. Last month, Regeneron Pharmaceuticals agreed to buy the firm for $256 million, topping a $146 million bid from Wojcicki and TTAM Research Institute, which was founded by Wojcicki and describes itself as a California non-profit public benefit corporation. In a filing dated May 31, Wojcicki claimed that 23andMe’s debtors had attempted to tilt the sales process away from TTAM and in favor of Regeneron. TTAM and Wojcicki said in the filing that 23andMes financial and legal advisers unfairly capped their maximum bid at $250 million due to misplaced concerns about TTAM’s “financial wherewithal”. The plaintiffs said the auction was prematurely concluded before they had the opportunity to submit a bid that would have exceeded $280 million. The company’s debtors said the auction results came after an extensive and careful consideration by a four-member special committee of independent directors, according to the filing. According to another filing, 23andMe is seeking court approval to let Wojcicki and Regeneron submit final proposals by June 12. 23andMe is also seeking a $10 million breakup fee for Regeneron if Wojcicki’s bid is ultimately accepted. Regeneron said it does not comment on the ongoing proceeding and aims to close the acquisition as intended. Lawyers for 23andMe’s debtors and TTAM parties did not immediately respond to emails seeking comment. Urvi Dugar, Reuters
Category:
E-Commerce
More than 25,000 residents in three provinces have been evacuated as dozens of wildfires remained active Sunday and diminished air quality in parts of Canada and the U.S., according to officials.Most of the evacuated residents were from Manitoba, which declared a state of emergency last week. About 17,000 people there were evacuated by Saturday along with 1,300 in Alberta. About 8,000 people in Saskatchewan had been relocated as leaders there warned the number could climb.Smoke was worsening air quality and reducing visibility in Canada and into some U.S. states along the border.“Air quality and visibility due to wildfire smoke can fluctuate over short distances and can vary considerably from hour to hour,” Saskatchewan’s Public Safety Agency warned Sunday. “As smoke levels increase, health risks increase.”Saskatchewan Premier Scott Moe said firefighters, emergency crews and aircraft from other provinces and U.S. states, including Alaska, Oregon and Arizona, were being sent to help fight the blazes.“We are truly grateful, and we stand stronger because of you,” Moe said in a post on social media.He said ongoing hot, dry weather is allowing some fires to grow and threaten communities, and resources to fight the fires and support the evacuees are stretched thin.“The next four to seven days are absolutely critical until we can find our way to changing weather patterns, and ultimately a soaking rain throughout the north,” Moe said at a Saturday news conference.In Manitoba, more than 5,000 of those evacuated are from Flin Flon, located nearly 645 kilometers (400 miles) northwest of the provincial capital of Winnipeg. In northern Manitoba, fire knocked out power to the community of Cranberry Portage, forcing a mandatory evacuation order Saturday for about 600 residents.The fire menacing Flin Flon began a week ago near Creighton, Saskatchewan, and quickly jumped the boundary into Manitoba. Crews have struggled to contain it. Water bombers have been intermittently grounded due to heavy smoke and a drone incursion.The U.S. Department of Agriculture’s Forest Service deployed an air tanker to Alberta and said it would send 150 firefighters and equipment to Canada.In some parts of the U.S., air quality reached “unhealthy” levels Sunday in North Dakota and small swaths of Montana, Minnesota and South Dakota, according to the U.S. Environmental Protection Agency’s AirNow page.“We should expect at least a couple more rounds of Canadian smoke to come through the U.S. over the next week,” said Bryan Jackson, a meteorologist with the National Weather Service in the U.S.Separately, a fire in the U.S. border state of Idaho burned at least 100 acres (40 hectares) as of Sunday, prompting road closures and some evacuations, according to the Idaho Department of Lands. The agency said in a news release that at least one structure was burned, but did not provide additional details about the damage.Strong gusty winds of 15 to 20 mph (24 to 32 kph) and steep terrain were making it difficult for firefighters battling the fire, which ignited Saturday.Evacuation centers have opened across Manitoba for those fleeing the fires, one as far south as Winkler, 20 kilometers (12 miles) from the U.S. border. Winnipeg opened up public buildings for evacuees as it deals with hotels already crammed with other fire refugees, vacationers, business people and convention-goers.Manitoba’s Indigenous leaders said Saturday at a news conference that hotel rooms in the cities where evacuees are arriving are full, and they called on the government to direct hotel owners to give evacuees priority.Assembly of Manitoba Chiefs Grand Chief Kyra Wilson said it was one of the largest evacuations in the province since the 1990s.“It’s really sad to see our children having to sleep on floors. People are sitting, waiting in hallways, waiting outside, and right now we just need people to come together. People are tired,” Wilson said at a news conference.Canada’s wildfire season runs from May through September. Its worst-ever wildfire season was in 2023. It choked much of North America with dangerous smoke for months. Associated Press reporter Julie Walker contributed from New York. Associated Press
Category:
E-Commerce
This week, home discount retail chain Big Lots will open dozens of additional stores, marking the culmination of the beloved brand’s dramatic turnaround after it filed for Chapter 11 bankruptcy protection late last year. Heres what you need to know about Junes Big Lots store reopenings. Big Lots bankruptcy was expected to be the end In December 2024, Big Lots announced that it had filed for bankruptcy and would be closing all of its roughly 800 locations. But in a surprising turn of events, the chain was saved from completely going out of business after another discount retail chain operator, Variety Wholesalers, swept in and agreed to buy 219 Big Lots locations from liquidator Gordon Brothers. Variety Wholsalers, which also owns discount retail chains including Bargain Town and Super Dollar, said it would not only keep the 219 stores alive, but that it would operate them under the Big Lots brand, after a period of renovation and re-merchandising. Prior Big Lots reopenings Variety Wholesalers said it would reopen the 219 Big Lots stores it acquired in four waves, with the first beginning in April. Heres how many stores Big Lots opened in each prior wave: First wave: nine stores across six states in April Second wave: 54 stores across 12 states in early May Third wave: 78 stores across 13 states in mid-May Now, Big Lots will be commencing its fourth wave of store openings. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}))}(); 78 Big Lots fourth wave June reopenings Big Lots fourth wave of store reopenings will happen this week, with 78 stores opening across nine states. The planned opening date is Thursday, June 5. The states with the most store reopenings in the fourth wave include North Carolina, with 22 locations reopening; Ohio, with 13 locations reopening; and Pennsylvania, with 11 stores reopening. Here is the full Big Lots store reopening list for June: Florida 6247 Highway 90, Milton, FL 32570 2384 Commercial Way, Spring Hill, FL 34606 3401 13th St Ste 100, St. Cloud, FL 34769 843 W Bloomingdale Ave, Brandon, FL 33511 3048 E College Ave, Ruskin, FL 33570 13970 N Cleveland Ave, North Ft. Myers, FL 33903 4901 Palm Beach Blvd Ste 230, Fort Myers, FL 33905 Georgia 127 Commerce Ave, LaGrange, GA 30241 3111 Highway 278 NW, Covington, GA 30014 13 Lester Rd Ste C, Statesboro, GA 30458 Kentucky 3000 Scottsville Rd, Bowling Green, KY 42104 North Carolina 125 Weaver Blvd, Weaverville, NC 28787 273 Franklin Plaza Dr, Franklin, NC 28734 1176 Russ Ave, Waynesville, NC 28786 1639 US Highway 74A Byp, Spindale, NC 28160 1450 Andrews Rd, Murphy, NC 28906 1251 Burkemont Ave, Morganton, NC 28655 711 E Innes St, Salisbury, NC 28144 280 Concord Pkwy N, Concord, NC 28027 720 NC 24 27 Byp E, Albemarle, NC 28001 950 S Cannon Blvd Ste A, Kannapolis, NC 28083 1677 Westchester Dr, High Point, NC 27262 2531 Eastchester Dr, High Point, NC 27265 630 Lakestone Commons Ave, Fuquay Varina, NC 27526 2950 S Horner Blvd, Sanford, NC 27332 1371 N Sandhills Blvd, Aberdeen, NC 28315 1664 S Main St Ste B, Laurinburg, NC 28352 520 Berne Sq, New Bern, NC 28562 2750C N Roberts Ave, Lumberton, NC 28358 1110 Western Blvd, Jacksonville, NC 28540 2900 Arendell St Ste 19, Morehead City, NC 28557 6832 F Market St, Wilmington, NC 28405 4600 Main St Ste 1, Shallotte, NC 28470 Ohio 8489 Market St, Mentor, OH 44060 12588 Rockside Rd, Cleveland, OH 44125 1890 W Market St, Akron, OH 44313 405 Howe Ave, Cuyahoga Falls, OH 44221 241 W Wooster Rd, Barberton, OH 44203 426 East Waterloo Rd, Akron, OH 44319 1336 Whipple Ave NW, Canton, OH 44708 10560 Harrison Ave, Harrison, OH 45030 3640 Werk Rd, Cincinnati, OH 45248 110 S 7th St, Marietta, OH 45750 9025 Ohio River Rd, Wheelersburg, OH 45694 400 Silver Bridge Plz, Gallipolis, OH 45631 367 County Rd 406 Ste B, South Point, OH 45680 Pennsylvania 750 Ohio River Blvd, Rochester, PA 15074 4717 McKnight Rd, Pittsburgh, PA 15237 2444 Philadelphia St, Indiana, PA 15701 11628 Penn Hills Dr, Pittsburgh, PA 15235 254 Oak Spring Rd, Washington, PA 15301 6041 State Route 30 Ste 20, Greensburg, PA 15601 1425 Scalp Ave Ste 130, Johnstown, PA 15904 389 N Reading Rd, Ephrata, PA 17522 500 Lincoln Hwy Ste 4, Fairless Hills, PA 19030 2140 White St, York, PA 17404 1150 Carlisle St, Hanover, PA 17331 South Carolina 1206 Highway 9 Bypass W, Lancaster, SC 29720 9221 Two Notch Rd Ste 30, Columbia, SC 29223 6169 St. Andrews Rd, Columbia, SC 29212 1641 Church St, Conway, SC 29526 710 Hwy 17 S Ste D, North Myrtle Beach, SC 29582 1370 S Kings Hwy, Myrtle Beach, SC 29577 1013 Old Highway 52, Moncks Corner, SC 29461 431 Saint James Ave Unit G, Goose Creek, SC 29445 10150 Dorchester RdUnit 227, Summerville, SC 29485 328 Robert Smalls Pkwy, Beaufort, SC 29906 Tennessee 633 S Jefferson Ave, Cookeville, TN 38501 1301 S James Campbell Blvd, Columbia, TN 38401 1913 Sherwood Rd, Kingsport, TN 37664 3901 Hixson Pike Ste 157, Chattanooga, TN 37415 1426 N Gateway Ave, Rockwood, TN 37854 Virginia 180 Kents Ridge Rd, Richlands, VA 24641 1090 Bypass Rd, Vinton, VA 24179 6610 Mooretown Rd, Williamsburg, VA 23188 2318 W Mercury Blvd, Hampton, VA 23666 1851 E Little Creek Rd, Norfolk, VA 23518 1971 S Military Hwy, Chesapeake, VA 23320 No more Big Lots openings? With the additional 78 Big Lots stores reopening in its fourth wave this week, Variety Wholesalers will have reopened all 219 stores that it said it would after acquiring them from Gordon Brothers. While fans of the retail brand are undoubtedly happy to have hundreds of locations reopened, the 219-store count represents just over a quarter of the Big Lots locations that were open at the end of last year. Privately held Variety Wholesalers has not publicly announced plans to open any brand-new Big Lots locations at this time. For now, if there isn’t a Big Lots location near you after the fourth wave of reopenings this week, it’s likely to stay that way for the foreseeable future.
Category:
E-Commerce
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